Shunten International (Holdings) Ltd. (0932) AI Stock Analysis

Shunten International (Holdings) Ltd.

(HKEX:0932)

Select Model

Rating:47Neutral

Price Target:HKD 0.03▲(0.00% Upside)

Action:reiterated

Date:10/30/26

The score is primarily weighed down by weakening operating and net profitability (two consecutive loss years) and a valuation profile complicated by negative earnings (negative P/E). Partially offsetting this are consistent positive free cash flow and an improved balance sheet via deleveraging, while technical indicators remain broadly neutral with limited momentum.

Positive Factors

Strong Gross MarginsGross margins of roughly 69%–78% across FY2023–FY2026 show that the underlying offering retains substantial gross profitability. This provides a cushion for investment and restructuring, although converting that gross profit into operating earnings remains essential for durable improvement.

Negative Factors

Sustained LossesTwo consecutive years of net losses and negative FY2026 EBIT show that the company is not currently converting its strong gross margin into sustainable operating profitability. Continued losses can erode equity, constrain reinvestment, and weaken resilience if the trend persists.

Shunten International (Holdings) Ltd. (0932) vs. iShares MSCI Hong Kong ETF (EWH)

Market Cap: HKD 96.34M
Dividend Yield: ―
Average Volume (3M): 1.62M
Price to Earnings (P/E): -3.6
Beta (1Y): 0.17
Revenue Growth: -2.32%
EPS Growth: 26.50%
Country: Hong Kong
Employees: 236
Sector: Consumer Defensive
Sector Strength: 62
Industry: Packaged Foods

Shunten International (Holdings) Ltd. Business Overview & Revenue Model

Company Description

Shunten International (Holdings) Limited operates as an investment firm, primarily focusing on the marketing, sales, and distribution of health and beauty products and dietary supplements. Its commercial activities extend across Hong Kong, Taiwan, an...

Shunten International (Holdings) Ltd. Financial Statement Overview

Summary

Overall fundamentals are mixed. Profitability has deteriorated materially with negative EBIT in FY2026 and net losses in FY2025–FY2026 alongside modest revenue declines, which weighs heavily. Offsetting factors include very strong and stable gross margins and consistently positive operating cash flow/free cash flow, plus an improving leverage profile (debt-to-equity down to ~0.81x).

Income Statement

34Negative

Balance Sheet

50Neutral

Cash Flow

56Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	200.28M	200.28M	205.05M	235.59M	216.13M	223.15M
Gross Profit	149.87M	147.64M	157.95M	184.21M	166.31M	161.45M
EBITDA	4.56M	6.51M	-14.67M	21.47M	55.25M	-76.59M
Net Income	-26.57M	-26.57M	-36.24M	571.00K	41.04M	-127.38M
Balance Sheet
Total Assets	228.02M	228.02M	288.90M	344.33M	339.45M	208.33M
Cash, Cash Equivalents and Short-Term Investments	7.37M	7.37M	5.53M	12.70M	13.11M	36.65M
Total Debt	88.83M	88.83M	128.92M	122.18M	86.50M	154.91M
Total Liabilities	119.12M	119.12M	153.56M	172.73M	196.04M	189.29M
Stockholders Equity	110.17M	110.17M	136.62M	172.89M	146.01M	21.05M
Cash Flow
Free Cash Flow	0	8.89M	23.66M	33.77M	2.94M	31.05M
Operating Cash Flow	0	9.28M	24.02M	38.78M	4.84M	31.18M
Investing Cash Flow	0	27.63M	-342.00K	-4.95M	-15.27M	4.21M
Financing Cash Flow	0	-35.09M	-30.84M	-34.10M	7.45M	-55.73M

Shunten International (Holdings) Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price0.03

Price Trends

50DMA0.03Negative

100DMA0.03Positive

200DMA0.03Negative

Market Momentum

MACD-0.00Negative

RSI44.04Neutral

STOCH69.44Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0932, the sentiment is Negative. The current price of 0.03 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and below the 200-day MA of 0.03, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 44.04 is Neutral, neither overbought nor oversold. The STOCH value of 69.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0932.

Shunten International (Holdings) Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

HK:0932 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HK:2317	65Neutral	HKD 1.01B	7.06	6.00%	15.80%	4.72%	20.03%
Sector *	62Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
HK:3889	51Neutral	HKD 96.57M	-0.64	38.51%	―	-7.04%	8.69%
HK:3838	47Neutral	HKD 1.03B	48.62	0.45%	5.51%	-5.24%	-95.65%
HK:0932	47Neutral	HKD 96.34M	-3.65	-22.68%	―	-2.32%	26.50%
HK:0841	44Neutral	HKD 88.88M	-34.55	-0.49%	―	30.41%	98.08%
HK:0809	40Underperform	HKD 565.36M	1.73	-15.63%	―	-8.40%	-77.49%

* Consumer Defensive Sector Average

Performance Comparison

HK:0932 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:0932	Shunten International (Holdings) Ltd.	0.03	-0.02	-35.42%
HK:3889	Global Sweeteners Holdings Limited	0.05	-0.04	-43.18%
HK:2317	Vedan International (Holdings) Ltd.	0.67	0.11	19.39%
HK:3838	China Starch Holdings Limited	0.18	0.00	1.71%
HK:0809	Global Bio-chem Technology Group Co. Ltd.	0.34	-0.48	-58.43%
HK:0841	Asia Cassava Resources Holdings Limited	0.15	0.02	16.92%

Shunten International (Holdings) Ltd. Corporate Events

Shunten International Secures Unanimous Shareholder Backing at AGM

Sep 2, 2026

Shunten International (Holdings) Ltd. announced that all resolutions proposed at its annual general meeting held in Hong Kong on 2 September 2026 were approved by shareholders through a poll. The meeting confirmed the audited financial statements for...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 29, 2026

Shunten International (Holdings) Ltd. AI Stock Analysis